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NFT: University of Arizona Budget Miscalculation

Costy16 : 11/15/2023 9:02 am
Due to a miscalculation in their financial model, they are now staring down a $240 million budget shortage.

This could force them to cut athletic programs, sounds like nothing is off the table.
Budget - ( New Window )
Miscalculaiton  
Mark from Jersey : 11/15/2023 9:05 am : link
lol. FUBAR more accurate description of what transpired.

Who is their accountant?  
The_Boss : 11/15/2023 9:06 am : link
Louis Tully?
Hope it wasn't  
section125 : 11/15/2023 9:07 am : link
a U AZ grad that was leading the staff....
By model they probably mean their financial aid model  
cosmicj : 11/15/2023 9:08 am : link
The terminology indicates it wasn’t just a forecasting miss.
This wasn't an accounting error or math error  
Mike from Ohio : 11/15/2023 9:20 am : link
It is problem related more closely to student tuition decisions. Arizona give a lot more student aid than a lot of similar universities and guarantees tuition rates remain stable for four year for incoming students.

What this article is (unsurprisingly) saying is that the university can't afford to do that and spend what they do on athletics like having more athletic programs than many other universities.

This is poor management, but it is a little more nuanced than "Damint Fred you forgot to carry the 2!"
Could give new meaning to the term "student loans"  
Marty in Albany : 11/15/2023 9:39 am : link
!
_____________  
I am Ninja : 11/15/2023 12:20 pm : link
$240mm for them is couch cushion money.
The Prez also mentioned that the disintegration of the PCC  
BigBlueNH : 11/15/2023 1:03 pm : link
is gonna hurt AD revenue and expenses. Almost certainly some teams are gonna be cut.
Meant PAC  
BigBlueNH : 11/15/2023 1:04 pm : link
12.
RE: The Prez also mentioned that the disintegration of the PCC  
section125 : 11/15/2023 1:06 pm : link
In comment 16290208 BigBlueNH said:
Quote:
is gonna hurt AD revenue and expenses. Almost certainly some teams are gonna be cut.


Just join the Big 10 - everyone is!
RE: RE: The Prez also mentioned that the disintegration of the PCC  
Mike from Ohio : 11/15/2023 3:32 pm : link
In comment 16290215 section125 said:
Quote:
In comment 16290208 BigBlueNH said:


Quote:


is gonna hurt AD revenue and expenses. Almost certainly some teams are gonna be cut.



Just join the Big 10 - everyone is!


They are joining the Big 12 next year.
RE: RE: RE: The Prez also mentioned that the disintegration of the PCC  
section125 : 11/15/2023 3:36 pm : link
In comment 16290397 Mike from Ohio said:
Quote:
In comment 16290215 section125 said:


Quote:


In comment 16290208 BigBlueNH said:


Quote:


is gonna hurt AD revenue and expenses. Almost certainly some teams are gonna be cut.



Just join the Big 10 - everyone is!



They are joining the Big 12 next year.


Holy crap that will be a lot of flying. No money savings and a lower level competition.
Call A&M  
PA Aggie : 11/16/2023 7:29 am : link
for a loan?

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